Franchisor Preliminary Membership

R10,700.00

Franchisor Preliminary Membership is offered to companies who are new to or in the process of developing a franchised business.

Category:

Description

Franchisor Preliminary Membership:  Developing or New Franchise Companies
Preliminary Membership is offered to companies who are new to or in the process of developing a franchised business. Their preliminary status is valid for 24 months after which they can apply to be accepted for full membership subject to producing viable performance financials. A thorough assessment of each applicant company is made before membership is granted. Reduced membership fees are payable per annum on submission of the membership application documents plus a once-off legal fee. The legal fee is waived if the applicants franchise agreement was written by a franchise attorney member of FASA.

 

franchisor membership

 

Membership Criteria

Please take note of the following information which applies to all applications from franchisors and service providers
members:-

  • All applications are forwarded to FASA’s membership committee for comments and final approval, where applicable.
  • The entire approval process takes between 4 and six weeks from date of submission depending on the number of questions or suggested amendments raised by the membership committee and the applicant’s response time.
  • The annual membership fees are R16,260.00 (excluding VAT). A once-off legal fee of R4,495.00 (excluding VAT) is payable in respect of franchisor membership applications only. Please note if the applicant’s franchise agreement was written by a franchise attorney who is a member of FASA, the legal fee is waived.

 

Documents to submit for Franchisor Membership

The submission documents must include the following:-

Preliminary Membership to companies wishing to franchise their businesses. A thorough assessment of each applicant company is made before membership is granted. The minimum requirements being:-

  • has a disclosure document that complies with FASA’s stringent specifications
  • has a fair and reasonable franchise agreement that clearly reflects the spirit of FASA’ss Code of Ethics and Business Practices
  • has a comprehensive operations and procedures manual

The submission documents must include the following:-

  • The membership fees are R10,700.00 (excluding VAT) per annum payable on submission of the membership application documents plus a once-off legal fee of R4,495.00 (excluding VAT). The legal fee is waived if the applicant’s franchise agreement was written by a franchise attorney member of FASA.
  • Completed Preliminary Membership Application form for Franchisors, duly completed, initialed on every page and signed in full on the last page, by the correct or relevant representative of the applicant’s company. Download the application form for franchisors– pdf download or download word document
  • Franchise Agreement
  • Operations Manual – kindly submit the contents pages of the manual only, provided the information contained in the manual is described in detail in the index or contents of the manual.
  • Disclosure document. The Disclosure Document must include financial statements of existing franchised outlets so that prospective franchisees can evaluate the financial viability of your concept. See requirements for the disclosure document.
  • Member’s Declaration form – this document must be printed on the applicant company’s letterhead, duly completed and signed by the correct or relevant representative of the applicant’s company.
  • Members Declaration form. Please copy the text in the linked document and paste it on your company letterhead.
  • Details required for your free entry in the annual Franchise Manual, website and Supplier Manual. Click here for PDF entry form or Click here for Word entry form

 

Kindly note that the Application form for Membership must be completed manually as the Association requires a record of the applicant’s signature.